Tether invests $775 million in Rumble
#Join Growth Points Draw & Win iPhone 16 and Merch #June Market Forecast Tether, the company behind the USDT stablecoin, has gained attention for investing $775 million in Rumble, a video-sharing platform that emphasizes Bitcoin and cloud services.
This plan, shared on December 20, involves a cash investment of $250 million and the option to buy up to 70 million shares at $7.50 each. Even with this investment, Rumble's CEO, Chris Pavlovski, still controls the company.
Tether's CEO, Paolo Ardoino, pointed out that this investment matches the shared values o